Coeur Reports Third Quarter 2017 Results

http://investors.coeur.com/Cache/1001228760.PDF?Y=&O=PDF&D=&FID=1001228760&T=&IID=4349317

Chicago, Illinois – October 25, 2017 – Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported companywide all-in sustaining costs (AISC) per average spot silver equivalent1 ounce (AgEqOz) of $15.18 for third quarter 2017, 4% lower quarter-over-quarter and driven by a 7% increase in silver equivalent1
production. These improvements over the prior quarter were primarily due to 25% higher silver equivalent1 production and a 14% decline in adjusted costs applicable to sales per average spot AgEqOz1 from Palmarejo and 21% higher gold production from Wharf. Third quarter revenue of $176.0 million was up 1% quarter-over-quarter, cash flow from operating activities was unchanged at $29.4 million, while adjusted EBITDA1 increased 18% to $39.5 million. Third quarter net loss of $16.7 million, or $0.09 per share, was impacted by higher income and mining tax expense mostly due
to non-cash increases in deferred tax estimates, increased exploration expense driven by ongoing success from drilling programs at the Palmarejo and Kensington mines, and higher costs at the San Bartolomé mine due to continued drought conditions and reduced third-party ore purchases during the quarter.

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